Ducati Sporting Club UK > Model Specific - Discussion, Technical Problems and Help > 999 / 749 > 749S Is this a good price/ HP outstanding????

[Twinfan]

That's an '04 model bike or earlier as it has the grey frame and older style swingarm. That would explain the low price, but even so it's very cheap. Check everything out before buying, and good luck!

[itexuk]

Bike has got £3225 outstanding HP on it, if I buy it do I pay HP company or what?????
Pete

[ak47]

from exerience I wouldn't touch it until the HP is clear.

[Steve M]

Originally posted by itexuk
Bike has got £3225 outstanding HP on it, if I buy it do I pay HP company or what?????
Pete

If the current owner doesn't pay the rest of the debt then the bike remains the property of the HP company and they can reposses it to sell on to cover the debt, with HP it is not owned by the keeper until paid for in full.

[itexuk]

Any one know if I can pay the HP Co the amount outstanding and then the balance to him???
or all to HP company and they pay balance to him.
and how do I do that

[itexuk]

Originally posted by ak47
from exerience I wouldn't touch it until the HP is clear.

He does not have the funds to clear HP until he sells the bike

[JohnDa]

Originally posted by itexuk

He does not have the funds to clear HP until he sells the bike

Make a payment to the HP company for the outstanding balance and ask for them to send you a letter to verify that the dept has been settled and the remaining balance to the owner.

[749er]

Originally posted by JohnDa

Make a payment to the HP company for the outstanding balance and ask for them to send you a letter to verify that the dept has been settled and the remaining balance to the owner.

Am not sure about that, as you are elying on him selling you the bike once you have cleared his debt.

It might be sfaer for you both to go to the HP companies offices and exchange cheques, receipts and V5 documentation at the same time and same place. Assuming the HP company are happy to take a cheque form you. They may prefer bankers draft.

[The Big Red One]

Take him to the bank and get him to pay it there and then with BACS. We did this with the car. Never had any problems. He needs to get a settlement figure in writing from them and take it into the bank when he pays the balance in full. You get the proof of payment. Job done. Make sure you check the date on the settlement paper work as it only lasts for 2 weeks before the price changes again. hope this is some help

[itexuk]

Thanks for all your help, all sorted by mid next week when I pick up bike.
Got myself a bargain, seen bike, docs, etc etc + spoke to HP company Black Horse who are sending me a copy of the settlement figure. Have agreed with seller and Blachkhorse that I will phone them from his house with my Debit card details to clear HP and pay balance to seller.
Got it for a bargain £6100.